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Dec 31, 2020
Magnite Q4 2020 Earnings Report
Magnite reported a strong Q4 2020, driven by CTV and OLV formats, with revenue up 69% and an Adjusted EBITDA margin of 37%.
Key Takeaways
Magnite reported strong Q4 2020 results, with revenue increasing by 69% year-over-year to $82.0 million. CTV revenue grew 53% on a pro forma basis, and the company achieved an Adjusted EBITDA margin of 37%.
Q4 2020 revenue was $82.0 million, up 69% year-over-year.
CTV revenue for Q4 2020 was $15.3 million, up 53% year-over-year on a pro forma basis.
Online Video (OLV) revenue grew 35% year-over-year in Q4 2020 on a pro forma basis.
Adjusted EBITDA was $30.0 million, representing a 37% Adjusted EBITDA margin.
Magnite
Magnite
Forward Guidance
The company expects revenue for Q1 2021 to be between $58 to $62 million and anticipates strong CTV growth in Q1 2021.
Positive Outlook
- Expect revenue for Q1 2021 to be between $58 to $62 million
- Expect strong CTV growth in Q1 2021